Aging infrastructure. The term conjures up images of giant problems with giant price tags – without clear-cut solutions. The “D” grades repeatedly doled out by the American Society of Civil Engineers (ASCE) in its infrastructure report card have become commonplace, with the latest edition holding true to form: wastewater and drinking water scored a “D+” and a “D,” respectively. But the impacts of this aging giant of 1.6 million miles of pipes across the country is anything but common. The report on Drinking Water informs readers that over 2 trillion gallons of water are wasted each year as a result of an estimated 240,000 water main breaks. The American Water Works Association estimates that $1 trillion in investment will be necessary to meet water demands over the next 25 years.
The impacts of aging infrastructure are not limited to trillion-dollar price tags. On a personal level, it is estimated that each family loses approximately $3,400 in disposable income annually due to things like poor roads, traffic congestion, flooding and power outages. And lurking underneath a homeowner’s foundation is an expensive problem waiting to happen.
Outlook for the next 20 years is troublesome for homeowners…
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